We argue that paygo rates are determined by a representative agent and a benevolent government jointly maximizing the expected life-time utility of the agent. The distributions of labor and capital income are calculated from national data on real GDP, real wages and the real return to capital...

We argue that a rational-economic model of how societies choose their paygo tax rate can explain the cross section variance of these rates in large, developed OECD economies. Using a two-period OLG framework, we suggest that paygo tax rates are determined by a representative agent and a...

In this paper we present the macroeconomic model elaborated by the Modeling Group of the International Center for Policy Studies. This paper includes the theoretical background as well as a detailed explanation of the two parts of the model: forecasting of nominal GDP and inflation and...

In Romania before 1989, as elsewhere in the Soviet world, retirement support was one of the few rewards that the regime offered its citizens. Retirement provisions were based exclusively transfers, through the State, from the current working population to the pensioners. Technically, the system...

Dans quelle mesure la finance de marché peut-elle compléter les évaluations des actions stratégiques plus traditionnelles en finance d'entreprise ? Pour répondre à cette question nous avons voulu appliquer la méthode des études d'événement à une action stratégique novatrice : le...

Dans un contexte de croissance des disparités sociales et spatiales, la question de l'accessibilité de tous à la ville et à ses services est posée, notamment pour les personnes à faible revenu. L'objectif de notre recherche est donc de tester en quoi le système de transport, et notamment...

Revue du livre d'A. Abbott, Department and Discipline. Chicago Sociology at One Hundred (1999).

This communication is devoted to the performance evaluation of new numerical differentiators, of algebraic flavor, which lead to the solution of many pending questions in control, signal and finance. The continuous-time expression of such a differentiator is an integral over a short time window...